Bought a house in Leland NC in 2019 for $226,000. My mortgage is $1270 and I am renting it out for $1640. The houses on the street are selling for $280,000. If I sold it at $280,000 that would be over 12 years of rent...
My brother and I co-own a 4 bedroom home that we purchased fully in cash in September 2020 for $167,000. It is now worth about $200,000 conservatively. We rent out two of the rooms cheaply to friends, which collects $...
I am a newbie, and the first house I am looking at to purchase is a turning into a complicated one. Here is the story: Any feedback is welcomed :)I live next door to a foreclosed residence. From what the neighbors hav...
I've been buying a house a year for the last 7 years and they all have mortgages on them. Granted, I like working in the middle-class market, but I'm wondering at what point do I start worrying about being too leveraged?
Hey BP Investors,I wrote a blog post about the new IRS final regulations enacted January 1, 2014 and I followed it up with another blog post on a special requirement that some landlords may not be aware of - being tha...
I am trying to rent a brand new 4 bds 3 ba 2,230 sqft house in a new development in Austin.Should I limit set the maximum number of adults?The HUD + local zoning rules allow 6 unrelated adults.Would it be wise to limi...
I've seen a few notes now that are for sale and indicate the borrower is either filing chapter 13 or 7.
I'm assuming that a chapter 13 is similar to the lender just modifying the loan ? Meaning making it more finan...
Good Day Bigger Pockets Community,I work as an agent in the Boston area and have had a wonderful year, subsequently I have been looking to make my first purchase. I have been pre approved by two different banks, ironi...
I have been fortunate that the rental buildings I have purchased so far have been either empty or had great long term tenants. I am now buying a duplex from Auction.com and am trying to get a hold of the current lease...
Hello,I am a 26 year old guy from London, England. I am tired of being a stooge, working my ass off for a company that pays minimum wage, and getting nothing out of it.I have been wanting to make mine and my wife's li...